| A | B |
|---|
| CE.11a – The government both promotes and regulates ___ . | COMPETITION |
| CE.11a – How does the government promotes marketplace competition? | ENFORCING ANTITRUST LEGISLATION TO DISCOURAGE THE DEVELOPMENT OF MONOPOLIES; ENGAGING IN GLOBAL TRADE; SUPPORTING BUSINESS START-UPS |
| CE.11a – The government promotes competition by enforcing ____ legislation to discourage the development of monopolies. | ANTITRUST |
| CE.11a – What are three government agencies that oversee the way individuals and companies do business? | FCC (FEDERAL COMMUNICATIONS COMMISSION); EPA (ENVIRONMENTAL PROTECTION AGENCY); FTC (FEDERAL TRADE COMMISSION) |
| CE.11b – What are some examples of public goods and services? | INTERSTATE HIGHWAYS, POSTAL SERVICE, AND NATIONAL DEFENSE |
| CE.11b – Public goods and services provide benefits to many people, but would not be available if - | INDIVIDUALS HAD TO PROVIDE THEM |
| CE.11b – How do governments get the money to produce public goods and services? | THROUGH TAX REVENUE AND THROUGH BORROWED FUNDS |
| CE.11c – Where does Congress get the authority to tax personal and business incomes? | 16th AMENDMENT |
| CE.11c – The government can ___, ___, and ___ to influence economic activity. | TAX, BORROW AND SPEND |
| CE.11c – Government ____ _____ reduce the funds available for private and business spending. | TAX INCREASES |
| CE.11c – Government _____ ___ increase funds for private and business spending. | TAX DECREASES |
| CE.11c – The government can increase funds available for borrowing by individuals and businesses by - | REDUCING THE AMOUNT IT BORROWS |
| CE.11c – The government increases government borrowing in order to _____ funds available for borrowing by individuals and businesses. | REDUCE |
| CE.11c – Increased government spending _____ demand, which may ___ employment and production. | INCREASES, INCREASE |
| CE.11c – _____ government spending reduces demand, which may result in a ______ of the economy. | LESS , SLOWING |
| CE.11c – Increased government spending may result in _____ taxes. | HIGHER |
| CE.11c – Decreased government spending may result in _____ taxes. | LOWER |
| CE.11d – The FED is the - | FEDERAL RESERVE SYSTEM |
| CE.11d – The Federal Reserve System (Fed) is the ___ ___ of the United States. | CENTRAL BANK |
| CE.11d – The FED regulates the - | MONEY SUPPLY |
| CE.11d – The Federal Reserve bank acts as a banker’s bank by issuing currency and regulating the amount of _____ in circulation. | MONEY |
| CE.11d – What does the Fed do to slow the economy? | THE FED CAN RESTRICT THE MONEY SUPPLY, CAUSING INTEREST RATES TO RISE |
| CE.11d – Why would the Fed increase the money supply, causing interest rates to decline? | TO STIMULATE THE ECONOMY |
| CE.11d – What are three ways the Federal Reserve Bank can slow the economy? | INCREASE THE RESERVE REQUIREMENT; RAISE THE DISCOUNT RATE; SELL GOVERNMENT SECURITIES |
| CE.11d – What are three ways the Federal Reserve Bank can stimulate the economy? | LOWER THE RESERVE REQUIREMENT; LOWER THE DISCOUNT RATE; PURCHASE GOVERNMENT SECURITIES |
| CE.11e –How does the U.S. government protect consumer rights and property rights? | THE GOVERNMENT PASSES LAWS AND CREATES AGENCIES TO PROTECT CONSUMER RIGHTS AND PROPERTY RIGHTS |
| CE.11e –Individuals have the right of private ownership, which is protected by - | NEGOTIATED CONTRACTS THAT ARE ENFORCEABLE BY LAW |
| CE.11e –How is private property protected? | BY NEGOTIATED CONTRACTS THAT ARE ENFORCEABLE BY LAW |
| CE.11e – How is public health and safety protected? | GOVERNMENT AGENCIES ESTABLISH GUIDELINES THAT PROTECT PUBLIC HEALTH AND SAFETY. |
| CE.11e – How are consumer rights protected? | CONSUMERS MAY TAKE LEGAL ACTION AGAINST VIOLATIONS OF CONSUMER RIGHTS. |
